BUSINESS Germany slashes 2019 growth forecast to 1.0%

BUSINESS

Germany slashes 2019 growth forecast to 1.0%

AFP

19:31, January 30, 2019

Berlin on Wednesday slashed its growth forecast for 2019, saying it now expects only 1.0 percent expansion for the German economy compared with 1.8 percent previously.

VCG111138088085.jpg

File photos: VCG

After growth of 2.2 percent in 2017 and 1.5 percent last year, Economy Minister Peter Altmaier predicted a slowdown "largely due to the international environment" where an uncertain Brexit outcome, trade conflicts -- especially with the United States -- and tax competition are weighing on the country's prospects.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue